MOUNT LAUREL, NJ – An Ares Management Real Estate fund has secured $367.8 million to finance a 23-building logistics portfolio along the East Coast.
Cushman & Wakefield served as the fund's exclusive advisor in procuring the financing, and J.P. Morgan served as administrative agent on the loan.
The 3,034,863-square-foot industrial portfolio is 100% leased to 41 tenants. The properties range in size from 7,238 square feet to 478,715 square feet.
Recommended For You
The portfolio's assets are located throughout the I-95 distribution corridor in the Mid-Atlantic region. Situated in New Jersey, Pennsylvania and Maryland, the portfolio includes 2000 Bishops Gate Blvd. in Mount Laurel, NJ, 3201 Pennsy Dr. in Landover, MD and 50 Route 46 E. in Totowa, NJ.
"We believe the East Coast logistics portfolio is well-situated to capitalize on the industrial sector's rapid expansion within the Mid-Atlantic region with stable market rents and low vacancy rates," says Cushman & Wakefield's John Alascio. "We were able to achieve competitive financing terms because of the portfolio's ideal location throughout the most prolific industrial pockets in the country and its ability to greatly benefit from the sustained e-commerce growth."
Cushman & Wakefield's equity, debt & structured finance team, including Alascio, Alex Hernandez, Alex Lapidus, Chuck Kohaut, TJ Sullivan and Jason Blankfein, represented the borrower in the transaction.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
